Investment Overview

Located in the heart of Santa Clara—one of the most desirable and strategically positioned cities in Silicon Valley—869 Bing Drive presents a rare opportunity to acquire a well-maintained fourplex in a high-demand rental market. Built in 1963, the property features 3,594 square feet of rentable space on a 7,389 square foot lot. The building offers an attractive unit mix consisting of one large 3-bedroom/2-bathroom unit and three spacious 2-bedroom/1-bathroom units, catering to a wide range of tenants. The property has been thoughtfully maintained by long-term ownership and was recently earthquake retrofitted—a premium improvement rarely found in buildings of this size. The property’s location is exceptionally well-connected to the region’s most powerful economic and lifestyle drivers. Just minutes away are global tech headquarters such as Apple Park, NVIDIA, Intel, and Google’s Sunnyvale campus. Santa Clara University, Mission College, and the Santa Clara Unified School District offer strong educational appeal, while Caltrain, Lawrence Expressway, and Highway 101 provide seamless commuter access across the Bay Area. Residents also enjoy close proximity to popular lifestyle destinations like Santana Row, Valley Fair Mall, and Levi’s Stadium. With the average single-family home in Santa Clara trading for well over $1.9 million according to Redfin, 869 Bing Drive offers a compelling alternative for renters and a value-driven investment for multifamily buyers. Beyond location, Santa Clara’s fundamentals are among the strongest in Northern California. With no local rent control ordinance in place, investors benefit from greater rent growth potential and flexibility in operations. The city continues to see sustained rental demand driven by high-paying employers, top-ranked schools, and a significant shortage of new housing supply. The limited availability of well-located multifamily properties—paired with barriers to new development—make this a rare chance to acquire a high-quality asset with immediate income and long-term upside in one of the country’s most resilient real estate markets.